Fuji Heavy Industries Ltd., the maker of Subaru brand vehicles, raised on Tuesday its group net profit projection for the full business year ending in March to a record ¥221 billion from an earlier estimated ¥178 billion, due to the favorable impact of the yen’s depreciation and brisk sales of the Forester and Impreza in North America.
The revised outlook would be an 84.8 percent surge from a year earlier. Its operating profit is expected to go up 157.5 percent from the previous year to ¥310 billion on sales of ¥2.38 trillion, up 24.4 percent.
For the April-December period, the company’s group net profit climbed 241.7 percent from the year before to ¥181.54 billion, a record for the period, with record global sales of 593,400 units, on a weak yen and its cost-cutting efforts.
Its operating profit soared 218.1 percent to ¥233.35 billion in the nine-month period on sales of ¥1.71 trillion, up 24.6 percent.